The land was zoned for residential purposes in 1983 against the recommendation of the Council's planning officials.
There had been difficulties with local planning officials.
According to local planning officials, many owners request fewer trees and less vegetation so prospective admirers passing on the street can get the full effect.
The planning officials determined that his proposed design, which included a retention pond, would reduce the well-known, if still unexplained, flooding in the area.
Its actions are drawing criticism from some developers and applause from some regional planning officials.
They expect to submit their proposal to local planning officials in the next few months.
The developer's concept also seems to mesh with the goals of regional planning officials.
Rhinebeck's planning officials were among the first in the valley to impose a temporary moratorium on development last year.
It will be supervised by Hubert Prevot, a former senior planning official.
A local planning official, Heidi Z'graggen, said it would probably be several hundred million dollars, depending on the hotel chains that buy into the project.